ATLANTA--(BUSINESS WIRE)--Cypress.io, the next generation automated testing framework built for
the modern web, announced today that it has secured $4 million in seed
funding co-led by Las Olas Venture Capital (LOVC) and Bessemer Venture
Partners. Previous investors Tech Square Ventures, BLH Ventures and
Buckhead Investment Partners supported the round. The investment will be
used to accelerate product development, sales growth and market
expansion. As part of the financing Esteban Reyes, founding partner of
LOVC, has joined the Cypress board of directors.

“Cypress was designed to fit seamlessly into DevOps workflows, making
developers' lives easier and enabling faster and more comprehensive test
automation to dramatically accelerate software release cycles,” said
Drew Lanham, chief executive officer of Cypress. “This infusion of
capital will allow us to continue building Cypress for our thriving
community of passionate developers."

“We’re very excited about investing in Cypress and believe the company
is the future of test automation,” Reyes said. “Legacy solutions are
slow, suffer from flakiness and don't provide rapid test result feedback
loops. This limits the speed of product releases, increases costs of
test suite maintenance and wastes valuable engineering time on
debugging. Cypress solves all of those problems at scale and makes
automating testing dead simple for developers,” he added.

Cypress provides better, faster and more reliable testing for anything
that runs in a browser. Founded in 2014 to take the pain out of front
end software testing, Cypress is developer driven and is used by more
than 13,000 developers at organizations like Betterment, Crunchbase,
DHL, GitHub, Kiwi, NASA, The New York Times, Slack and Shopify. Cypress
is headquartered at the Advanced Technology Development Center at
Georgia Tech in Atlanta. Learn more at www.cypress.io.

About Las Olas Venture Capital

Las Olas Venture Capital (LOVC) invests in early-stage, B2B companies,
that are redefining the future of their industries. LOVC's mission is to
find outstanding entrepreneurs in non-obvious places and maximize their
impact by connecting them to networks of capital, talent, and customers
in well-established startup ecosystems. For more information visit www.lasolasvc.com.

About Bessemer Venture Partners

Bessemer Venture Partners (BVP) is a $5B global venture capital firm
that invests in consumer, enterprise and healthcare startups from seven
offices around the world. One of the longest-standing venture capital
firms in the world, BVP invested in the early stages of Pinterest,
Twitch, Blue Apron and Skype and has helped 122 of its companies go
public, including SendGrid, Twilio, MindBody, Shopify, Wix, Yelp and
LinkedIn. Follow us @BessemerVP.